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Plankton Power and RTDC to open Algae based Bio-Fuel Plant
A new consortium to build an innovative plant to produce renewable biofuels from algae has been announced by Plankton Power and the Regional Technology Development Corp. (RTDC), and will offer new business career opportunities in Massachusetts.
The Cape Cod Algae Biorefinery will engage in pilot- and commercial-scale development of algae biodiesel the project sponsors believe will be cheaper than petroleum and vegetable-based fuels. It will also offer improved performance.
"The initiative provides a perfect example of the tremendous economic development potential created by fusing the expertise and resources of the Cape's research brain trust to achieve industry goals and government objectives," says Robert A. Curtis, CEO of RTDC, referring to the federal mandate to quadruple biofuel use by 2020.
The venture also opens new employment opportunities to holders of accredited MBA degrees as well as those specializing in environmental sciences.
Individuals who would like to take advantage of the new green economy and boost their skills may consider masters or doctoral programs in green chemistry or engineering.
Over the next seven years, demand for environmental engineers is projected to grow by 25 percent, exceeding the average for all occupations, and top salaries in the field already exceed $106,230.
Meanwhile, those with an MBA degree earned up to $171,583 on average in 2008, according to PayScale.com.